Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
New Energy
Price CenterDatabaseProReportsEventsCar Insight
SMM Morning Review - 2010/8/5Nickel Market
SHANGHAI, Aug. 5 (SMM) -- LME nickel prices opened at USD 21,560/mt and closed at USD 21,850mt on Wednesday, up USD 250/mt from a day earlier, with the highest price at USD 21,850/mt and the lowest price at USD 21,498/mt. Daily trading volumes were 1,396 lots and positions were 87,382 lots. Inventories were down by 288mt to 117,870mt.
LME base metal pared early losses on positive US economic data and the rebound US equity market. The US Institute for Supply Management (ISM) released on Wednesday that the US index of non-manufacturing sector, service sector, expanded faster than expected in July, with the index at 53.8 points in June and at 54.3 in July. According to report from ADP, the US private sector payrolls increased by 42,000 MoM. The US equity market was up due to the release of these data.
It is expected that LME nickel prices will remain at high and will fluctuate between USD 21,500-22,000/mt on August 5.
Copyright © SMM. All Rights Reserved
None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
For queries, please contact Lemon Zhao at lemonzhao@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
SMM Events & Webinars
All- Sep15
NET ZERO CHINA Field Trip
Sep 15 - 19,2025中国
- Sep26
2025 ASIA BATTERY MATERIAL COOPERATION SALON
Sep 26 - 26,2025Time：9.26 2025 Place：Seoul， South KoreaSeoul， South Korea
- Oct14
SMM LME Metals Seminar 2025
Oct 14 - 14,2025Emmanuel Centre，London , the United Kingdom
Shanghai Metals Market
Privacy PolicyCompliance CentreSMM Credit ServiceContact UsAbout UsTerms & ConditionsSitemapHoliday Pricing Schedule
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Live chat via WhatsApp
Copyright © 2025 SMM Information & Technology Co., Ltd. All rights reserved.
